Insuring a Bright Future with a Life Insurance plan with Living Benefits
Get the right life insurance plan for peace-of-mind!
Your Preferred Life Insurance Agent
Garfield Reid
Florida Lic#:W201391/Georgia Lic#:3177482
Hi, I am Garfield Reid and gone are the days when Life Insurance is just for burial..... Life Insurance should be a benefit while you are alive.
I have been a leader in the Life Insurance field and have advocated for all persons to purchase life insurance policies with Living Benefits so as to cover your expenses while you are unable to work. I strongly believe, it is wise for persons to leave behind legacies for their loved ones.
I remain committed to the Transamerica Life Insurance Brand as I strongly believe in the products offered. I have been awarded the top life insurance agent in my home office in Fort Lauderdale and have attained numerous awards and recognition from Transamerica Agency Network including qualifying on numerous occasions for the Million Dollar Round Table (MDRT).
My mantra is for persons to buy what they need and not what they want. Life Insurance premiums should be comfortable payments and should not be a struggle or a burden for the individual or their loved ones. I have seen where Life Insurance with Living Benefits has benefited a number of my clients who were able to collect their benefits while they were still alive.
Do you have the New Life Insurance or the Old Life Insurance? Give me a call and let's start the conversation
How I May Be Able to Help:
Protecting Futures
My aim is to help clients prepare for the unknown. I am more than happy to assist you with planning your Life Insurance Needs.
Life insurance could be the most important purchase you ever make, especially a plan with Living Benefits. We offer a wide variety of life insurance products and services from term to universal life, and everything in between – because life happens.
Assessing Need
Many financial experts will tell you some unforeseen events and a lack of the right kind of life insurance can spell trouble quickly. Call me today, and I will analyze your life insurance needs and get you covered quickly at the right price.
Find out what works for you
Everyone has different life insurance needs. Call Garfield Reid today for a personalized business or individual life insurance assessment and find out how best to protect yourself, your business and your family with the best life insurance plans and rates that suits your financial affordability.
Types of Life Insurance offered
Whole life insurance
Universal life insurance
Whole life insurance
Regardless of your stage of life or health, Transamerica's whole life insurance products are here to help you. Whole life insurance can help protect the financial future of your family, as well as accumulate cash value you can access in case of an emergency.
Individual whole life insurance
Individual whole life insurance policies, available in face amounts ranging from $2,000 to $3 million, can help with costs associated with your final expenses, such as funeral and burial costs. In addition, whole life insurance has a cash value component you can access.
Group whole life insurance
Transamerica’s group whole life insurance policies provide you access to a whole life insurance policy through your employer as a voluntary benefit. You simply answer a few health-related questions to gain access to up to $25,000 in guaranteed whole life insurance coverage.
Term life insurance
Universal life insurance
Whole life insurance
Term life insurance is typically more affordable than permanent life insurance. With potentially lower premium rates when compared to permanent life insurance, term life is a great way to help protect your family’s financial future. It provides you the opportunity to help save money on insurance premiums and stay on track with your financial goals.
What is term life insurance?
Term life insurance provides insurance for a specific period of time, which is called a term. If the worst should happen and you pass away during the term of your policy, Transamerica will pay out the full amount of your insurance coverage, known as a death benefit, in either a lump-sum payment or monthly payout.
Term life insurance options offered by Transamerica
Transamerica offers the choice of several flexible term life insurance policies. Our term life policies offer term periods ranging from 10 to 30 years separated by five-year increments and can provide your family with financial protection anywhere from $25,000 up to $10 million (and above based upon individual consideration). Most of our policies require a medical exam, but if a person is under a certain age and coverage amount, they may be able to get term life insurance without a medical exam — acceptance is based on answers to health questions on the application.
Transamerica offers two different term life insurance policies:
- Trendsetter® Super Series
- Trendsetter® LB
Universal life insurance
Universal life insurance
Index Universal Life Insurance
Universal life insurance is a type of permanent life insurance that provides coverage for life, as long as premiums are paid. It's made up of two parts: a guaranteed death benefit, which is money left to your loved ones, and a cash value component. The cash value earnings grow tax-deferred, meaning no tax will be due until they are withdrawn. It's flexibility on your terms.
What is universal life insurance?
Unlike term and whole life insurance, universal life provides an additional level of flexibility.
It allows policy owners to modify the amount and frequency of premium payments as long as there is sufficient cash value in the policy to cover monthly deductions.
When the insured dies, a death benefit is left to the named beneficiaries.
In addition to the death benefit, universal life insurance also contains a cash value. The cash value grows tax-deferred until funds are withdrawn.
Which policy is right for you?
Transamerica offers the following types of universal life insurance products:
Index universal life insurance
Index universal life insurance offers flexible insurance premiums, which may be allocated among a basic interest account and two index accounts. The index accounts provide the potential for interest crediting based on changes in the value of an index or indexes.
Group universal life insurance:
Universal life insurance provided through employers for a number of individuals.
Variable universal life insurance:
Variable universal life insurance allows for the cash-value portion of your policy to be invested in a variety of subaccounts, where values may fluctuate depending on different market conditions.
Index Universal Life Insurance
Protect loved ones from financial hardships
Index Universal Life Insurance
What is index universal life insurance?
Index universal life insurance can help protect your family's standard of living or help fund your child's education in the event of the death of the insured. The policy also offers options to change death benefit amounts or adjust premium payments within certain limitations.
Multi-purpose protection
Index universal life insurance
When you’re planning for your family’s future, it’s important to cover all your bases. As retirement draws near, you’ll need enough money in the bank so as to not outlive your savings. At the same time, should you pass away unexpectedly, you want to help your family have the means to live comfortably. That’s where the Transamerica Financial Foundation IUL®(FFIUL) comes in.
Protect loved ones from financial hardships
Protect loved ones from financial hardships
Protect loved ones from financial hardships
Final expense insurance
Losing a loved one is an extremely difficult experience. Picking up the pieces while dealing with the accompanying emotions can be stressful. There are also many expenses associated with death that can, on average, exceed $8,500.
Without a final expense life insurance policy, families may have a hard time coming up with these funds quickly. Final expense life insurance can help prevent families from having to withdraw from their savings or sell precious assets to come up with the necessary funds required to bury a loved one.
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What is final expense life insurance?
While most people don't like to talk about end-of-life issues, it is important to plan for them. Expenses associated with death, such as caskets and embalming, can have a substantial financial impact on those you love. Final expense life insurance can help protect loved ones from having to pay these costs out of pocket.
In 2014, the average funeral exceeded $8,500.1 In most cases, a basic funeral service will include a memorial, death certificates for the deceased, and housing the remains. In addition to those costs, there are also charges involved for goods and services, such as transportation, preparation and embalming, use of the funeral home, a casket and headstone, a burial plot, gravesite, the burial service, or alternatively, cremation. There may also be additional costs, such as flowers and the printing of memorial cards.
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Final expense insurance policies from Transamerica
Purchasing a final expense life insurance policy through Transamerica is easy, and your age and health may not affect your approval for coverage. We offer the following three policies:
· Immediate solution
· 10-Pay solution
· Easy solution
Advantages of Transamerica's final expense life insurance policies:
· No waiting period for coverage to begin
· No increase in premium due to age